Apartment on Pienines Street, Vilnius

The "Apartment on Pienines Street, Vilnius" project from Lithuania is seeking investments amounting to 220,000 euros with the aim of refinancing and an expected annual return of 8.5-10.5%. The loan term is 12 months, meaning the borrower is required to repay the loan amount and interest within 12 months of receiving the loan. The project has a Loan-to-Value (LTV) ratio of 69%. It is listed under internal project number P00001281 on the licensed crowdfunding platform Profitus from Lithuania. The platform indicates that they obtained a license in November 2023 from the European crowdfunding regulator ESMA. Please note that the information provided on the platform should not be construed as a recommendation, advice, or invitation to engage in a specific investment service and should not be considered the basis or part of subsequent transactions. Investing always carries the risk of losing part or all of the investments. I agree with Profitus platform and also recommend approaching investments responsibly by diversifying one's investment portfolio. In the European Union countries, crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Law.